Mr. Brendan McDonagh:

Yes. Some 2 million people live in Dublin and the commuter belt. There is good economic activity in Dublin and the surrounding counties. The position is the same in Cork, Limerick and Galway. However, the economic activity is not there in other parts of Ireland in which we hold assets. I come from Kerry. I met a friend of mine a few months ago who is a carpenter. He told me that he only had three jobs last year. The impression is that Dublin is booming but my friend only had three jobs and is now considering moving to Cork. He said that he would prefer to go to Dublin than Cork, being from Kerry, of course. His position is that he has to leave to get work because there is no house-building or house extensions happening in Kerry. Any of the jobs he is getting are small, mostly involving necessary repairs, and there is not enough work for him to support himself and his family. That is tough.